President Enrique Peña Nieto and President Mauricio Macri agree to relaunch relations between Mexico and Argentina

The two leaders met during the World Economic Forum in Davos and expressed interest in increasing trade and investment exchanges.

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The Mexican
president invited his Argentinean counterpart to pay a visit to Mexico in the
near future.

President Enrique Peña Nieto met today with President of Argentina
Mauricio Macri within the framework of his participation in the World Economic
Forum Annual Meeting 2016. After President Peña Nieto congratulated President Mauricio Macri on his
victory in the Argentinean elections, wishing him every success during his
administration, the two leaders agreed to relaunch bilateral relations and
coordinate their participation at international forums.

Accompanied by several members of their respective cabinets, they expressed
their interest in strengthening economic and trade exchanges, to contribute to
an improvement in the well-being of their nations, through increased economic
activity.

President Peña Nieto said that Argentina is a strategic partner for
Mexico, and expressed interest in strengthening relations between the two
countries.

He also told Mauricio Macri that Mexico will continue to work closely
with Argentina in both multilateral and bilateral issues and matters of mutual
interest.

He also expressed his confidence that trade and investment exchanges
with Argentina could increase in the future.

The Mexican president welcomed this first meeting between the two
leaders since Mauricio Macri took over as president of Argentina on December 10,
2015, and invited him to pay an official visit to Mexico in the near future.

The president of Mexico hailed the fact that the new president of
Argentina wishes to achieve a rapprochement between Mercosur and the Pacific
Alliance, to which Mexico belongs.

At the end of their meeting, President Enrique Peña Nieto introduced the
Argentinean president to a group of leading Mexican businessmen participating
in the World Economic Forum in Davos, including Armando Garza Sada; Juan
Gilberto Marin Quintero; Alejandro Ramírez Magaña, current president of the
Mexican Business Council; Carlos Eduardo Represas and José Antonio Fernández
Carbajal.

According to official information from the economic authorities of the
two countries, bilateral trade between Mexico and Argentina totaled $23.51 billion USD in 2014.

Mexico is Argentina’s eighth largest trading partner, while Argentina is
Mexico 23rd largest.